Kinross Gold Co. (TSE:K – Get Rating) (NYSE:KGC) – Research analysts at Jefferies Financial Group lifted their FY2023 earnings per share (EPS) estimates for shares of Kinross Gold in a research report issued to clients and investors on Tuesday, September 27th. Jefferies Financial Group analyst C. Lafemina now anticipates that the company will post earnings per share of $0.88 for the year, up from their prior estimate of $0.83. The consensus estimate for Kinross Gold's current full-year earnings is $0.54 per share. Jefferies Financial Group also issued estimates for Kinross Gold's FY2024 earnings at $0.73 EPS and FY2025 earnings at $0.70 EPS.
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Kinross Gold (TSE:K – Get Rating) (NYSE:KGC) last issued its quarterly earnings results on Wednesday, July 27th. The company reported C$0.04 earnings per share for the quarter, missing analysts' consensus estimates of C$0.11 by C($0.07). The company had revenue of C$1.05 billion during the quarter.
Separately, National Bankshares lifted their price target on Kinross Gold from C$8.25 to C$9.00 and gave the company an "outperform" rating in a report on Wednesday, September 21st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$9.20.
Kinross Gold Trading Up 5.5 %
Shares of TSE K opened at C$5.20 on Friday. Kinross Gold has a one year low of C$3.92 and a one year high of C$8.94. The firm has a market capitalization of C$6.76 billion and a PE ratio of 27.37. The company has a current ratio of 3.00, a quick ratio of 1.04 and a debt-to-equity ratio of 42.01. The business has a 50-day moving average price of C$4.48 and a two-hundred day moving average price of C$5.46.
Insiders Place Their Bets
In other Kinross Gold news, Senior Officer Michiel Van Akkooi sold 10,000 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of C$4.34, for a total transaction of C$43,400.00. Following the completion of the transaction, the insider now directly owns 41,532 shares in the company, valued at C$180,248.88. In other news, Senior Officer Michiel Van Akkooi sold 10,000 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of C$4.34, for a total transaction of C$43,400.00. Following the sale, the insider now owns 41,532 shares in the company, valued at C$180,248.88. Also, Director Glenn Antony Ives bought 20,000 shares of the firm's stock in a transaction dated Friday, August 5th. The shares were acquired at an average price of C$4.35 per share, for a total transaction of C$87,052.80. Following the acquisition, the director now directly owns 70,000 shares of the company's stock, valued at approximately C$304,684.80. Insiders sold 18,500 shares of company stock worth $81,240 over the last three months.
Kinross Gold Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 18th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.31%. Kinross Gold's payout ratio is 63.16%.
Kinross Gold Company Profile
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Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver.
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